Getting lost in the noise created by self-proclaimed gurus and “experts” could lead to disaster for a budding business. With new startups continuing to be founded each day, knowing who to listen to has become an essential skill for founders.
Experience, connections, critical thinking, and open-mindedness are only some of the traits a great venture capitalist should have. By finding an investor that brings all of these to the table, a startup will be receiving something more important than money. Few serial entrepreneurs are a better example of these qualities than Michael Loeb.
Michael is the Founder & CEO of Loeb.nyc, a venture collective that is creating a whole new approach to launching startups. The success of the collective has contributed to Loeb’s quick rise to notoriety as one of the most influential players in the startup ecosystem.
Having started his career at Time Inc., one of the most important mass media companies in the world, he quickly transitioned to co-founding his own company: Synapse Group. The company would be valued at more than $500 million when it was sold to Time Warner in 2006. He referred to his feelings back then by telling CSQ:
“When Synapse was sold to Time Inc., 26 people became millionaires overnight. That’s the type of thing that puts a smile on our face.”
Ever since, Loeb showed an aptitude and passion for entrepreneurship, partnering with Rich Vogel to develop new businesses that included Script Relief, a pharmacy discount provider with more than 12 million American customers. Now, his firm has a portfolio of more than 18 direct investments in which he and his partner have invested their financial resources and vast experience to help them get off the ground.
Having dealt with adversity himself, Loeb has been known for his people-first approach. This allows him to guide founders and their teams to quickly identify problems and their respective solutions to better build their businesses. Not only does Loeb have the skills and experience to help entrepreneurs succeed but also a passion for it, which he continues to offer to those looking to disrupt their respective industries.